Gold bullion coins sell for the value of their gold content with small premiums (2% to 5%) to cover cost of production and distribution. In contrast, typically promoted numismatic coins can have premiums of 30%, 50%, even 100%, depending on the dealer.
The Dangers of Buying Gold details the pitfalls in buying numismatic coins.
Whether you are a veteran in the world of coins or are making your first venture into buying gold coins, CMI Gold & Silver is here for you. Our experts have been in the industry since our beginning in 1973 and are standing by to provide you with answers to any of your questions and with buying and collecting advice.
Why Buy Gold Coins?
Gold coins are a great way to grow the worth of your assets without having to be backed by a bank or government and are able to be sold in nearly every country in the world. Buying gold is also a way to ensure you will have a useable asset that will be in high demand in a time of crisis.
One of the main benefits of buying gold coins is their timeless value. The price does, of course, fluctuate with the economy, but gold keeps its value much better than stocks or even cash.
What Are the Two Types of Coins?
The two main categories of coins are standard bullion coins and numismatic coins.
Standard bullion coins are made almost entirely from precious metals. They are made of refined gold and are viewed as an investment, rather than a collector coin. The value of the coins is based on their gold content.
Numismatic coins refer to rare coins. The value of these coins is based on how rare they are and on their condition, and so can cost much higher than bullion coins. This coin category also includes proof coin sets.
What Should You Do Now?
Please feel free to browse through our online selection or give our team a call at 800.528.1380. We take pride in providing straightforward, honest answers and in doing exactly what we say we will do. So if you are looking for a trustworthy vendor for your coin investments, look to CMI Gold & Silver. We look forward to talking with you.
Best Selling Gold Coins
Austrian Philharmonic Gold Coins
Gold coins in IRAs
For gold coins to be eligible for IRAs, they must be at least .999 fine or be American Gold Eagles.
To learn more about setting up a self-directed IRA that accepts gold and silver products, read Putting Gold and Silver in IRAs.
How to buy gold coins
For more information about how to buy gold coins from CMI Gold & Silver Inc., see Doing Business with CMIGS. If you are interested in selling your gold coins (or gold bullion), visit selling gold and silver to CMIGS.
If you would like to discuss buying gold coins, call us at 1-800-528-1380. We take calls between 7:00 a.m. and 5:00 p.m. MST, Mondays through Fridays.
Quality gold products at low prices often can be found on our Gold Specials Page.